https://www.taxtmi.com/news?id=33236 The new Income Tax Bill will replace the 1961 Act by removing obsolete and amended provisions, shortening and simplifying statutory language to reduce ambiguity and litigation, and is intended to be revenue neutral rather than change tax rates; the Bill will be tabled in the Budget session and referred to the Standing Committee for scrutiny. en-us Fri, 07 Feb 2025 15:16:02 +0530 Fri, 07 Feb 2025 15:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=33236 The new Income Tax Bill will replace the 1961 Act by removing obsolete and amended provisions, shortening and simplifying statutory language to reduce ambiguity and litigation, and is intended to be revenue neutral rather than change tax rates; the Bill will be tabled in the Budget session and referred to the Standing Committee for scrutiny. News - Fri, 07 Feb 2025 15:16:02 +0530 https://www.taxtmi.com/news?id=33236